Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you are unlikely to be protected if something goes wrong. Take 2 minutes to learn more
The Cosmos token has moved further today by an additional 3.06%. This has been the most significant move observed among the top three daily crypto movers. However, the token remains in the second spot, seemingly due to encountering resistance in its price trajectory. Let’s examine this market more closely.
ATOM Statistics:
Current Cosmos Value: $8.70
Cosmos Market Cap: $3,409,690,508
ATOM Circulating Supply: 390,930,671
Cosmos Total Supply: 390,930,671
Cosmos CoinMarketCap Rank: 29
Key Price Levels:
Resistance: $9.00, $10.50, and $11.50
Support: $8.00, $7.00, and $6.00.
Previous Gains Keep the ATOM Market on an Upside Trajectory
The Cosmos daily market, as mentioned earlier, experienced significant price growth yesterday. Today’s trading activities have deviated slightly from that trend, with the market undergoing a minor correction.
Nevertheless, the cryptocurrency continues to trade above the green Guppy Multiple Moving Average (GMMA) curves. The Stochastic Relative Strength Index (SRSI) lines are still pointing upwards into the overbought region, despite the minor downward rejection. Consequently, it appears that the overall trend may persist.
Cosmos Seems Ready to Keep Trending Upward
The 4-hour ATOM market indicates that upside forces may be regaining strength. A new session has commenced favorably for buyers and holders, maintaining trading levels above the green GMMA indicator lines.
The SRSI indicator lines have continued to rise into the overbought region. The current session’s appearance, along with the SRSI indicator lines, suggests that further upward movements may occur in this market. Consequently, this implies that crypto signals targeting around the $9.20 mark may still be applicable in this market.
Trade crypto coins on AvaTrade
- Broker
- Min Deposit
- Score
- Visit Broker
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
- 20% welcome bonus of upto $10,000
- Minimum deposit $100
- Verify your account before the bonus is credited
- Over 100 different financial products
- Invest from as little as $10
- Same-day withdrawal is possible
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus
Learn to Trade
Never Miss A Trade Again
Signal Notification
Real-time signal notifications whenever a signal is opened, closes or Updated
Get Alerts
Immediate alerts to your email and mobile phone.
Entry Price Levels
Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.